The sustainability of US public debt has been widely discussed since the Great Recession.
Using annual data since 1940, we estimate and compare different specifications of fiscal …

The aim of this paper is to study the sustainability of public finances in the Eurozone
particularly after the 2007 financial crisis. This paper goes beyond the standard analysis of …

This paper estimates fiscal reaction functions to examine the importance of inflation and
inflation surprises for fiscal outcomes in the euro area countries, covering the first 12 …

Since the end of the 1990 s, the sluggish growth of Japan's gross domestic product (GDP)
and the mired fiscal state of its public sector have provoked consternation about its public …

The panel data analysis of the influence of change in real public debt, real private debt, and
deflated house prices on the GDP in selected European countries is performed. Least …

In this paper, we use the Bohn (1998) test inspired by Fincke and Greiner (Studies in
Nonlinear Dynamics & Econometrics, 15 (3), 1–21, 2011b) to study whether the primary …

This paper employs the regime-switching model-based fiscal sustainability test which
relaxes the linear fiscal reaction function approach. There is evidence of a regime-switching …

The idea that infectious diseases (IDs)—producing cross-border contagions, posing a threat
to human health and life, and triggering the need for cooperation amongst states—first …

Kenya's fiscal policy landscape is characterized by primary deficit spending forcing the
government to rely on debt to meet its objectives. The justification often being that as a …

The total amount of Japan's local government (LG) expenditures exceeds its central
government (CG) expenditures. Japan's LG and CG are responsible for the worst general …